The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-15
CONDITION OF THE MARKETS
The Week Opens with Marked In
crease of Activity in All Articles.
A Fair Business in Wheat at Higher Prices
Corn Receives Most Attention and Closes
at the Highest Prices of the Season.
MONEY, BONDS AND STOCKS.

Increased Activity I'm New York, with Higher
Prices for Almost All Stocks.
NEW YORK, Nov. 4-Money on call was
easy al 81 TO per cent, the last loan being made
at per cent, closing offered at per cent
Prime mercantile paper. Gas per cent
Sterling exchange steady but dull at
s4.sla for sixty days and 81 IS for demand
The total sales of stocks to-day were 466. GAG
1 shares. including: Canada Southern, $3.50;
Delaware. Lackawanna & Western, 5l,022;
Erie, 47.63O: Lake Shore, 11.510; Louisville &
Nashville 20, 40; Missouri Pacific 13 s25; North
western. r. $50; New Jersey Central g, $50; North
ern Pacific preferred. 1850; Oregon Transconti-
mental $50; Reading, 12l .04O; ST. Paul. 80. $50;
Texas Pacific. $3.50; Union Paclfc, 10, $50; West
ern Union, 3, $780,
The stock market to-day was more active than
for some weeks, and prices were on q higher
level than at any time last week The news or
the disturbances in London yesterday led to the
expectation that prices from that center would
be lower this morning but the reverse was the
case, and a strong and active opening occurred
here. Considerable excitement attended the
early trading. and Reading the special
feature the crowd in the Stock Exchange being
great that many brokers had much difficulty
the stock extremely large, and liberal
foreign buying orders ran the business
of the first hour up to very high
figures. The excitement died ont, and
ing the advance. but the news OF the day was
almost entirely OF favorable nature, and the
gains were maintained throughout the day.
while many stocks reached their best figures IN
the last hour. After Reading, Lackawanua,
Erie and other London favorites were most con-
spicuous for strength, but Western Union, while
active was traded in within the limits or per
cent. The only weak spot was Hooking Valley.
though one or two of the specalties showed
some weakness. The opening was very active
and strong. with the general list from to
above Saturdays closing figures, while Reading
was exceptional with gain OF l per cent.
Further marked advances were made in the
first hour, after which there a heavy de-
crease in the amount of business done,
though prices were well maintained.
Further gains were established in the
afternoon, when the market became rather
feverlsh, but the best figures in several stocks
were made in the last hour. the close being act
i've and firm at near the highest figures of the
day. The active list. almost without exception,
is higher tonight, and Reading gained q;
I4arkawanna, q; Union Pacific and Louisville
& Nashville, II; Colorado Goa. IL; Erie and
Hooking Coal, Il; Northwestern. l per cent.
Railroad bonds were fairly active; sales.
sI.3l1 900. of which Erie seconds furnished
Sl97 900. The market sympa thzed very closely
with shares, and prices were strong throughout,
though fluctuations were small
Government bonds were dull and steady.
State bonds dull and steady to firm.